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20130115
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
president obama a blank check but told "houston chronicle" editorial board, "we will raise the debt ceiling. we are not going to default on our debt." he went on to say "i tell you unequivocally we are not going to default." cornyn notes there will be tax revenue coming in and said it may be necessary to partially shut down the government to secure the long-term fiscal well-being of the country. white house aides just want congress to get it done. >> the point is without drama and delay, monthly extension is drama. okay? so congress should do its job. we're not going to negotiate over extending the debt ceiling. >> though the house is planning something short-term to force the senate to the a budget. >> just the structure, moving something on a shorter term, what we are discussing is something that all could support. it's reasonable. but also very constructive for america themselves. >> spokesman for the senate majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to consider it. jay carney at the white house called for passing a clean debt
now to get something back later. we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> our hope is to pass something early so the senate can take action as well. i wouldn't be jeopardizingor economy there. it shows it's a rational, put us on a better path. and i would hi the american public could support it and the senate as well. >> fox news poll reveals 83% think government spending is out of control. up five points from two years ago. 69% of those surveyed say the debt limit should only be raised after major cuts. aides to the number two senate republicans does not support giving president obama a blank check but told "houston chronicle" editorial board
on spending cuts in order to raise the debt ceiling and key senate republican says mr. obama doesn't get it. >> you have a kid that keeps a credit card loaded and a person that would tear up the credit card but you look at the credit. republicans are willing to pay for past bill but this is about the future bill. the president misses the point here. >> reporter: today, house democratic whip steny hoyer said new revenue must accompany spending cuts. for day, the final passage is expected in the house in the next hour or so. bret? >> bret: mike, we will follow that on fox. thank you. ominous note now from one of the world's top credit agencies. fitch rating says the u.s. could lose the top credit rating if there is a delay in raising the debt limit. we'll find out with the senior political analyst brit hume thinks about this. good evening. >> good evening. the warning from the fitch rating agency today is certainly will become talking point for president and democrats who claim the republicans are using the debt ceiling recklessly as leverage for spending cuts. worry over the debt ceiling is
weeks back, here is what president obama said monday about the debt ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic.
tax-funded bailouts. period. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the united states could lose their aaa rating? yes-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple
are huddling in southern virginia. to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republ
they will allow the debt ceiling to be hiked and try to attach some spending cuts or at least say we need to be engaged in negotiations for further increase in debt hike. i think that was a recession for republicans in reality they were losing this argue uchlt. it reengineers to the point that 60 percent of americans think you have to have spending cuts right now. >> you listen to the president's senior advisor today he was talking again about a balanced approach saying whatever deal on the debt ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem
, but raising the debt ceiling for a budget to be named later is to me something i probably won't be able to vote for. >> if you raised it for three months unconditionally, three months from now what principles do you stand on to keep you from raising it again? >> all republicans have been frustrated by the senate failing to pass a budget. speaker boehner's office released inknow graphic about what could have been accomplished since the last budget passed on april 29, 2009. it clouded 179 round trips to the moon. circumnavigating the globe 73 times. leading senate republicans say it's time for the senate to step up. it has been four year since the senate acted on a budget. in fact, if you believe this. many of you have ipads. ipads didn't exist the last time the senate passed a budget. >> the senate majority didn't say no but he didn't fully embrace the house deal either. >> i'm glad that they sent us up a clean -- they are going to send us a clean debt ceiling bill. the other stuff on it, we'll approach it when we need to. glad we're not facing a crisis here in a matter of a few days. >>
the relief for hurricane sandy victims. and house democrats want to get rid of the federal debt ceiling. they are pushing legislation to repeal the limit accusing the republicans of using it to blackmail the country. the treasury officials say they will run out of borrowing power as soon as mid-february. each day that passes brings us closer to massive automatic spending cuts to dramatically affect the u.s. military and defense industry. tonight, jonathan serrie reports on the damage done to north carolina. >> fact. miles from fort bragg, k-2 solutions train dog for police and military use. but the status of new defense contracts is unclear for this company that employs 274. >> in the past seven months we submitted eight proposals, two have been canceled and the other ones are in limbo for up to eight months. >> the problem is sequestration. they have not the uncertainty. >> this compounded the problem. right now, nobody is moving forward on any projects. it has created a stand-still. >> ceo of our row rora marketing -- aurora with facial recognition technology. >> it used to be working
inaugural gifts to president obama and vice president biden had a charming picture. debt ceiling, gun control on the agenda, the second term honeymoon is likely to end quickly. the president struck assertive tone in the inaugural address. >> we cannot substitute speck taggal for politics, or treat name calling as reasoned debate. >> the republicans in congress have been defined by the actions. that is why the polling numbers are poor. >> in an interview with the "washington post," white house communication director dan pfeiffer suggested mr. obama is worthy of the task, but republicans are not. "there is a moment of opportunity now that is important. what is frustrating is that we don't have a political system. or an opposition party worthy of the opportunity. pfeiffer told fox it was a message to the country, not just republican parties. but a key senator sounded troubled by a tone heading to a new term with the nation facing serious issues requiring leadership. >> both parties need to work together to solve big proble problems. the democrats need help from the president to lay out t
Search Results 0 to 13 of about 14 (some duplicates have been removed)